On Monday, the Securities and Exchange Commission charged Dwight Sean Jones - who later worked for the team in Oakland as a scout - with failing to turn over the records from his investment advisory business, Amaroq Asset Management.

Jones told the SEC he discontinued his advisory business in 2004, when he joined the Raiders as a scout, but Amaroq continued to maintain a Web site until mid-2007 touting its wealth management programs. The site also said the company was "subject to periodic SEC examinations," according to the SEC.

If Jones was involved in the investment business when he was with the Raiders, the team was not aware of it, says Jeff Birren, an attorney for the Raiders. Birren says Jones was let go because "we went 2-and-14 last year."

This is the latest in a string of legal setbacks for Jones, who also played for the Houston Oilers and Green Bay Packers and later worked as an agent for professional athletes.

In June, Jones and four others were charged with mortgage fraud in federal court in Texas. According to the indictment, the defendants - including a property developer, an appraiser and two bank officers - conspired to obtain home loans based on inflated values on behalf of unqualified buyers, then diverted some of the loan proceeds to themselves.

Between 1999 and 2001, the defendants allegedly acquired more than $42 million in loans. The indictment charges each defendant with 12 counts of bank fraud. Each count carries a possible prison sentence of up to 30 years imprisonment and a possible fine of up to $1 million. Jury selection is set for May 12.

Jones could not be reached for comment. The SEC says he doesn't have a lawyer; the agency believes he is living near Houston. The phone number at Amaroq's Beverly Hills office has been disconnected. Jones' attorneys in the mortgage fraud case did not return phone calls.

In 2003, the union sought to decertify Jones as an NFL agent "based upon financial irregularities in Jones' representation of player-clients Ebenezer Ekuban of the Dallas Cowboys, and Cris Dishman, formerly of the Houston Oilers," according to a statement. Instead, an arbitrator suspended Jones as an agent for two years.

A separate arbitration panel ordered Jones to pay Dishman and his wife $396,500 in damages for allegedly recommending unsuitable stocks and making unauthorized trades, among other things.

The SEC started looking at Amaroq in August 2006 but would not say whether it is a periodic, routine exam or in response to some cause or complaint. Helane Morrison, the SEC's regional director in San Francisco, says the exam was not connected with the mortgage-fraud charges.

Amaroq's last SEC filing was made in November 2005 for fiscal year 2003. If the company went out of business in 2004, it should have updated its record to show that. Even if it was out of business, the company should have retained client records, says Cary Robnett, the SEC's assistant regional director.

But Jones "refused to produce or allow the inspection of his advisory business records." He "ultimately claimed that all his records had either been destroyed in a fire or inadvertently sold by a storage company," the SEC says.